Bitcoin / South Korean won may fall to 77475700 - 78319800

Our pivot point stands at 81828400.

Our preference

The downside prevails as long as 81828400 is resistance.

Alternative scenario

Above 81828400, look for 83258800 and 84110200.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 81930818 and 83625413).

Supports and resistances

84110200 **

83258800 *

81828400 **

81266400

80689240 last

78319800

77475700 **

76631600 *

75787500 **

Number of asterisks represents the strength of support and resistance levels.